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Search Results 0 to 49 of about 161 (some duplicates have been removed)
. >> during the gm bailout there was trouble with the biggest parts provider delphi. that prompted a lot of nervous questions from delphi retirees union and nonunion. that's how president obama describes the u.s. auto bailout on the campaign trail. in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored the union's delphi pensions the uaw would go along with the bailout. gm agreed. >> when you heard the union pensions are being topped off you would think everybody would be treated fairly and equally. that was not the case. >> 20,000 salary delphi retirees got no pension bailout. many suspect they know why. >> the union had political connections and we do not. >> tha
what was happening. all of us in the auto industry were looking at gm and chrysler. we sought to companies on the verge offailure that were going to take down the entire supplier industry. we also saw an industry that had to be restructured. bill ford is my hero. he fired in self. they put forward in a good place, so they did not have to be rescued. they laid out a map for what had to be done, and everybody had to sacrifice. neil: and the end justifies it because things are back. and is starting with president bush. i'm not criticizing, but it did not lead to a slippery slope. >> once again, the difference between this was, this was not a bailout. a bailout is when you give money to the existing guys. restructuring. the key thing that obama did -- neil: the, the bankruptcy and restructuring. >> but the restructuring was driven by the president's team. a bankruptcy court would never have done that by itself, and it is the reason i don't like the mitt romney passive approach, just turn over to the courts. it would not have moved fast enough. it would not have taken the action t
obama of helping chrysler and gm move jobs to china. chrysler says it is a big lie. gm says it is a big lie. the "detroit free press" says it is a big lie. does mitt romney even care about the truth at all? obviously not. we'll get into that and a whole lot more here on the "full court press." but here she is lisa ferguson out in los angeles. >> good morning everyone. mitt romney is headed to florida today to host events with senator marco rubio and jeb bush. he starts off the date in tampa and then heads to coral gables and jacksonville. paul ryan will be campaigning in wisconsin. some are calling the pair's reemergence on the campaign trial after supposedly taking time out out of respect for the hurricane victims. romney's official reason for the event yesterday was to collect donations for storm victims, but it sure looked a lot like a campaign, a big american flag on the wall campaign music, crowds and the press were invited. voters had to wait to drop off their donations until romney arrived to collect them himself. john mccain even went as far as to blas
to nearly 300,000 residents in west virginia. coming up, the obama administration takes credit for saving g.m. but nonunion workers at an ohio plant think they got a raw deal. now to the next to vote question. which of these bluest states is most likely to swing red? text sr1 to 36288 for michigan. sr2 for minnesota. sr3 for new mexico. sr4 for pennsylvania. results a little later. next up, a close look at the latino vote. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. actually... th way i could split my payments up into little bite-size chunks. i mean you feel me right? yeah. uh, sir... ah... [ male announcer ] shop now. and put it on layaway so you have more time to pay. walmart. [ metal rattling ] ♪ hello? boo! i am the ghost of meals past. when you don't use new pam, this is what you get. residue? i prefer food-based phantasm, food-tasm. poultry-geist works too if you used c
" stay with us. >>> campaigning takes a break. but romney's whoppers just won't quit. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build screams in china. >> chairman of the ohio democrats, chris redfern and senator nina turner are here to tell us why the buckeye state isn't buying it. >>> and coming up, richard wolffe is here with the latest on how hurricane sandy will affect the election with six days out, america looks at which candidate they want in an emergency. >> cooperation has been great with fema on the ground and the cooperation from the president of the united states has been outstanding. he deserves great credit. he deserves great credit. >>> welcome back to "the ed show." throughout this entire campaign mitt romney seems to have really struggled with the truth, don't you think? but his new jeep to china ad campaign could be the biggest lie to date. romney is running a completely false commercial in ohio. it claims because of the auto loan, chrysler is planning to move jeep production to china. the claim is a flat out lie. af
. that drew another company into the fact check, gm, which had been saved of course by the auto bailout. a gm spokesman telling the press, "we've clearly entered some parallel universe." also from gm, "at this stage we're looking at hubble telescope-like distances between campaign ads and reality." but here's the thing. it is one thing to lie about your record or even your opponent's record. but what mr. romney has done here is to lie about a third party. in that third party's back yard. and you can tell that mr. romney's ohio lie about jeep is not going to work in ohio in part because ohio voters follow the car industry like it's the local football team. the romney campaign's running these ads in youngstown, for example. take a look at the "youngstown vindicator." the kind of reporting they were doing back in july on a local plant. "i think part of this relates to our focus on quality and make sure parts are right so we don't pass problems further up the line," said somebody's cousin. here's the youngstown paper in august on a plant expanding. "good news would be welcomed at the plant where
quarter in the u.s., and it lost money in europe. the bottom line for g.m. in the third quarter was stronger than ancipated. earnings per share totaled 93 cents, well above the 60 cents per shares expected. g.m. returned to profitability in south america and china profit jumped 10%. shares jumped 9.5% as volume tripled. g.m. hopes to stop losing money in europe by the middle of the decade. yesterday, ford told us it expects its european business to begin turning around in about a year. today, ford shares were also on the move after its strong earnings report during the market closure. ford rallied 8.2%. over $11 per share for the first time since may. some merger action in the clothes and fashion industry hit the tape with p.v.h. buying warnaco group, that's the company licensing calvin klein, speedo and other brands. warncstock shot up almost 39%. the dl tols $2.8 llion in cash and stock. the buyer, p.v.h., rose 20% as a big sign of market confidence in the deal. and u.s. vitamin maker schiff nutrition has agreed to be bought by bayer, pushing schiff stock up 46%. the five most
about the other day. >> some gm numbers are expected in about an hour. gm is expected to earn 60 cents a share on revenue of $35.7 billion. gm, don't they have loss -- i mean, if they can't make money at this point, they ought to be able to because i don't think they have to pay taxes again. that's another way we sort of don't get our money out of gm. now we'll be watching facebook. about 230 million shares held by ples became employees became eligible for sale on sunday. >>> equity trading will try to get back to normal today after superstorm sandy forced the new york stock exchange and the nasdaq to wait out the storm and stay close from the last two days. if investors areomin back today, they may be wondering whether there's going to be extra volatility. ira harris joins us right now from the cme group in chicago. what's the sense you get? i've actually been surprised by how orderly all of this has been to date. >> it has been orderly, but i think that's because we've been taking our reads off of the european markets, which have held up pretty well. better than well. and where we ar
of chrysler and g.m. mad at you in the same day this is like an eight-car pileup. it just goes to the whole issue of romney being almost allergic to the truth on some of the issues. >> jennifer: totally. >> i think it is huge. >> jennifer: and i want to play just a snippet of that ad to remind our viewers who may not have caught up with that yet. let's watch this for just a sec. >> announcer: who will do more for the auto industry? not barack obama. fact checkers confirm his attacks on mitt romney are false. the truth? mitt romney has a plan to help the auto industry. >> jennifer: you know what kills me is this airs in ohio. ohio knows very well where mitt romney stood on -- >> the guy painted himself as a son of the auto industry and when you have the head of g.m. today saying this belies everything apparently he knows nothing about the way cars are marketed. i think it is very, very damaging and this is an ad that's been called pants on fire. >> jennifer: four pinocchios. there is another issue that's
have gm and chrysler, their chief furious over this line of attack centered around the auto industry. i want to play what the president said today regarding the auto ads from the romney campaign. >> you have folks that work at the jeep plant who have been calling their employers worried, asking, is it true? are our jobs being shipped to china? the reason they make these calls is because governor romney is running an ad that says so. except it's not true. everybody knows it's not true. >> and anne, in addition to not being truce, you see people in ohio taking it as cynical. they make people believe it's bad and horrible and somebody in china is about to take your job. >> that's the real risk for governor romney in running an ad like this, although obviously he had his reasons for doing so. the campaign obviously seeing ohio as does everyone as being it is lynchpin to be elected. anything he could do, if there are voters who are all right feeling skeptical of the auto bailout who might buy this, that's who this is targeted at. this is a fairly significant backlash, questioning of the fact
gm -- >> big fan of the show. >> fantastic. >> nets/knicks, their game is still on. no one can watch it but the game is on. >> what did you learn, mark? >> one of two things happen, either a public pollster will be embarrassed and humiliated or barack obama will be re-elected. >> all right, john, these are not the dwarfs you are looking for. that's a great line. thank you for that one, carl. what time is it? at this moment time for chuck and "the daily rundown. ." >>> the aftermath, dozens of lives lost, millions still without power. hundreds lose their homes in a horrible new york fire and millions more are dealing with damage, floods, and transportation trouble. the cleanup is under way but the shock is far from over even as the first signs of normalcy emerge. after monitoring the storms from the white house, the president is heading to new jersey. he'll join governor chris christie to see the devastation on the ground himself. meanwhile, governor romney, he's back on the trail in florida. there's still just six days until the election. what does that tell us about where the
jobs to china. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> reporter: chrysler and gm angrily denied they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement they made not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive signs out there, especially in pennsylvania, minnesota and michigan. three states that have been considered solidly democratic, but where the obama campaign is now suddenly playing defense, spending more than $1 million on tv ads for the final week. diane? >> also on the campaign trail, jonathan karl. thank you, jon. >>> and coming up here next, flammable gas leaking and it's not just a danger in the storm zone. look. our experiment tonight on this invisible threat. hi, i just switched jobs, and i want to
of the month. sales at g.m. rose almost 5% on strength in its cadillac and buick brands. at ford, sales barely budged, up just four tenths of a percent. the auto maker believes the massive storm cost the industry as many as 25,000 sales in the last three days of the month. chrysler was up 10%, led by its ram pickup truck. toyota's sales were up 16%, while honda gained about half that. also from ford today, some management news that looks like a succession plan. mark fields was tapped to be chief operating officer, a move seen as steering him to eventually take the wheel from ford c.e.o. alan mulally. diane eastabrook reports. >> reporter: as chief operating officer, 51-year-old mark fields will run the day-to-day operations at ford, and will also be in charge of weekly business review meetings. 67-year-old alan mulally will remain c.e.o. through 2014, focusing on global products and the long-term strategy of the company. fields, a 23-year ford veteran, was handpicked by chairman bill ford seven years ago to run the company's north american operations. he's overseen successful product launches,
president obama of allowing manufacturing jobs to be shipped overseas. the ad says under president obama, gm cut 15,000 jobs and planning to double the number of cars built in china. and the ad said chrysler also plans to start making jeeps in china. but a general motors spokesman told "the detroit free press," quote, we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back into this country. okay. >> willie, what do you think of cargate? >> cargate. they shouldn't lie. >> i think it's subjectively untrue. the ad. i think that pretty much ends it, right? it's false. no? >> what romney said on the stump was false. the ad is true. >> right. >> it's misleading, but it's true. >> explain what you mean. >> i'm sorry. what? >> production in the u.s. that exists. they're making jeeps in the u.s., selling them in the u.s. they're talking about making jeeps to sell in china in china. romney initially suggested on the stump, wrongly, that they were goi
and "the detroit news." obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> despite chrysler's flat-out denial of romney's china claim, the romney campaign took his lie a step further today with this radio ad in toledo, ohio, which is home to a jeep plant. >> barack obama says he saved the auto industry, but for who? ohio or china? under president obama, gm cut 15,000 american jobs, but they're planning to double the number of cars built in china, which means 15,000 more jobs for china, and now comes word that chrysler plans to start making jeeps in, you guessed it, china. what happened to the promises made to autoworkers in toledo and throughout ohio? >> that provoked a general motors spokesman to release this statement "we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back t
misleading and slammed by gm and chrysler. let me play it. >> they're running the most scurrilous ad in ohio. i want you to listen. one of the most flagrantly dishonest ads i can remember in my political career. >> so mark, a spokesperson of gm said it's completely untrue, to su miz the statement here in front of me. but this is about ohio, the ad about ohio and president obama still leads in ohio. >> the pushback you are seeing of general motors as well as chrysler is pretty extraordinary in a presidential campaign with major companies basically say that one campaign is being inaccurate in the tv ads. tamron, this has to do everything with ohio. this has all to do with the auto bailout and a reason president obama is doing better with white voters in ohio than might be in places in the south or battlegrounds like in virginia and florida, has to do with the auto bailout. getting support from a lot of people whose jobs are tied to the auto industry. another thing benefiting president obama has to do with the fact labor and the politics of labor very big flash points in the last couple of year
obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with us. >> joining me now, msnbc's joy reid and robert reich, former clinton labor secretary, university of california at berkeley economics professor, and author of "beyond outrage." joy reid, do you know florida? has no one told jeb bush this thing about his brother's lack of popularity with the american public? >> poor jeb keeps trying. he tried it at the convention too. he just tries to slip george in there every so often. >> you can't blame a brother, though. >> he loves his brother. you know, he keeps trying to get him back on the stage, and republicans keep saying no, thanks, we don't need him. it's also interes
staff about that. i will say this. for workers in the auto industry, across the board, whether it is gm, whether it's nissan, whether it's american motors, individuals are very concerned about the impact of regulation that the epa and osha and other federal agencies are heaping on our manufacturers. i hear this every day from my constituents who are incredibly concerned about this. i do have gm and nissan and toyota with bodine motors. everybody talks about this. it is the out-of-control regulation, the difficulty we have with trade issues right now. that's why mitt romney has laid out a plan to create 12 million american jobs making america more business-friendly and reducing this regulation. >> and yet, the numbers, the at least from chrysler, they felt so compelled about what mitt romney was saying on the campaign trail that they issued a statement to say, not only are they not moving jobs to china, in fact, the company has nuns announced plans to hire an additional 12,000 workers in detroit. that will contradict what you say are concerns about auto workers? >> i don't see it as a co
federal relief, mitt romney is now claiming that he -- not president obama saved g.m. and chrysler. can you believe it? mitt romney ought to burn in hell for that lie. he keeps telling it. we'll tell you why that's wrong and a whole lot more here plus bring you all of the latest on the impact of hurricane sandy. right here on the "full court press." but first, we take a little time out as always to get the latest, today's current news update from lisa ferguson standing by in los angeles. good morning lisa. >> hey bill. good morning everyone. hurricane sandy not only is taking an impact on the east coast but it is also putting a twist in the political schedule today. we are just one week out from the election. neither candidate is campaigning as planned. president obama is staying in d.c. to monitor the storm and help prep for any disaster relief. mitt romney is also putting a stop to his events saying it is out of sensitivity for the millions of people in sandy's path. romney did have events scheduled today in o
to help the auto industry. he is supported by lee iacocca and the detroit news. obama took gm and chrysler into bankruptcy and sold chrysler to italians that are going to build jeeps in china. >> romney's new ad running in ohio claims that president obama took gm and chrysler into bankruptcy. interesting. because romney preferred a managed bankruptcy for the car companies. he claimed that jeeps are going to be built in china by italians. the ceo of chrysler found that whopper too much to bear and issued a statement to say, . >> who will be best for the auto industry? it may not be the guy whose car ad is full of holes. joining me from detroit is jonathan cone. >> thanks for having me on. when we talk cars, i get out my transformers and have this whole thing about president obama being optimist prime. is the car issues going to be the thing that turns ohio voters? >> it is a huge issue. in ohio, 1 of every 8 jobs is tied to the auto industry. the voters there, they understand how important the auto rescue, the obama's decision to provide chrysler and g.m. loans. they know how important that
.com. >> the dow is up 140 and gm i think is just moving down. what's going on with gm, please nicole? >> we continue to get the numbers on auto sales and general motors coming out with auto sales for the u.s., rose 4.7% and they also raised their year end inventory. target, reducing stocks to the down side, and gm reported a 13% drop in the third quarter profit and they've seen losses in europe and that obviously has been a continued theme. stuart: all right, nicole, thank you. >> thanks. stuart: oh, i was waiting for some animation to appear, it didn't appear so i'll launch right into my take, here we go. look, when the storm hit, i was in mississippi. the state has a terrific economic education program and i was fully engaged with some of the teachers and students so i watched sandy from a distance. i came home to new jersey yesterday, here is my take on that. i flew from jackson, mississippi to atlanta georgia, and from there to washington d.c. and that's as far as i could get my plane or train. to get to the new york area, i had to drive, and that tells you something. three days after t
Search Results 0 to 49 of about 161 (some duplicates have been removed)